The 57,000 sq. ft. facility has been let to WAE Technologies by Life Science REIT, and offers offices, labs, and R&D spaces.
The recently completed Building 5 is environmentally certified and will become home to WAE Technologies.
The company will pay an annual rent of £1,146,000, amounting to £20.10 psf for a 10-year term, with a break clause at year five.
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OTP’s hybrid buildings can provide any configuration of offices, labs, R&D and production space to suit the evolving needs of businesses in this sector
Director of asset management at Ironstone Asset Management, Ian Harris, said: “OTP’s combination of flexible, affordable, and best in class space as well as its proximity to leading, global life sciences institutions is compelling for a wide range of occupiers.
“WAE will be the largest occupier at OTP and its presence is a major step forward in delivering a vibrant and collaborative community at OTP.”
OTP, bought by Life Science REIT in May 2022, consists of six completed buildings totalling 230,500 sq. ft. and unoccupied development space of 266,100 sq. ft.
Its current tenants include the Native Antigen Company, Oxford Gene Technology, and Oxford Ionics.